While the share of all-cash home purchases across the U.S. fell to a five-year low at the end of 2025, South Florida remains one of the strongest cash-buying regions in the country.
A new Redfin report shows that 39.9% of home purchases in the Miami-Dade metro area were made in cash, well above the national average of 29% in December 2025. That places Miami among the highest major markets in the nation for all-cash transactions.
Two other South Florida markets ranked even higher. In West Palm Beach, 47.2% of homes were purchased in cash, while Fort Lauderdale recorded a 35.8% cash-buying rate.
Nationally, Redfin reports that cash purchases have declined as mortgage rates stabilized and housing inventory improved, giving financed buyers more opportunity to compete. But South Florida continues to stand apart, driven by international buyers, out-of-state transplants, investors and high-net-worth households relocating to the region.
In affluent ZIP codes and high-price neighborhoods nationally – including Key Biscayne and Miami – luxury homes see notably higher all-cash purchase rates. Properties priced above $1 million often sell for cash more than half the time, a trend that has been reported across the broader Miami market.
A person handing another a set of keys to a house, overlayed on a shot of Virginia Key Beach.
Raul Rodriguez / Getty Images
Cash offers often provide a significant advantage in competitive markets, allowing buyers to close faster and avoid financing contingencies. In luxury and waterfront communities, including areas like Key Biscayne, cash transactions are particularly common.
The data reinforces South Florida’s continued appeal to affluent buyers, even as broader national housing trends cool.
Read the full Redfin report by clicking here.